Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
The DSC rejected the bail application of the accused proprietor of M/S New Global Scrap Traders, charged under Sections 132(1)(b), 132(1)(c), and 132(1)(i) of the CGST Act, 2017, for fraudulent availing and utilization of input tax credit amounting to Rs. 23,47,68,801/- through fake invoices without actual supply of goods. The court found no violation of fundamental rights under Article 22(1) and (2). Given the gravity of the offence, evidence of issuance of bogus invoices, and risk of evidence tampering, witness influence, and flight, the accused was deemed unfit for bail at this stage. The prosecution's case demonstrated substantial material indicating deliberate tax evasion and fraud, justifying continued custodial detention to safeguard the investigation and public interest.
The DSC rejected the bail application of the accused proprietor of M/S New Global Scrap Traders, charged under Sections 132(1)(b), 132(1)(c), and 132(1)(i) of the CGST Act, 2017, for fraudulent availing and utilization of input tax credit amounting to Rs. 23,47,68,801/- through fake invoices without actual supply of goods. The court found no violation of fundamental rights under Article 22(1) and (2). Given the gravity of the offence, evidence of issuance of bogus invoices, and risk of evidence tampering, witness influence, and flight, the accused was deemed unfit for bail at this stage. The prosecution's case demonstrated substantial material indicating deliberate tax evasion and fraud, justifying continued custodial detention to safeguard the investigation and public interest.
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